Though chances are good that U.S. central bankers will raise the federal funds rate in December, it will have a profoundly negative impact on the economy and the markets, Jeffrey Gundlach, CEO of DoubleLine Capital, told a standing-room-only crow...
A family of Volunteers.
Clients with families are, naturally, keen on saving money and making the wisest investment decisions possible. But where they live is perhaps just as important to their financial wellbeing. New York and Hawaii, for...
U.S. Treasury Secretary Jacob Lew cautioned against overhauling recent financial regulations implemented under Dodd-Frank during a speech at SIFMA's annual meeting in Washington, D.C. on Tuesday. ...
The next robo?
According to two anonymous sources cited by Bloomberg, Bank of America’s Merrill Edge has put dozens of employees to work on a robo advisor prototype that will service accounts with less than $250,000. Bank of America plans ...
Private equity asset manager Apollo Global Management said Monday it has tweaked its previously announced deal to buy the wholesale broker/dealer business of RCS Capital, which includes a wholesale distribution arm and retail advice division, for ...
The good ole days.
Pump-and-dump schemes have taken to the internet. Fintech firm HedgeChatter has come up with a way to combat stock price manipulation on social media and message boards. The firm has launched a filter that screens chat ...
To each her own. | Copyright Mario Tama, Getty Images
Some wealth management firms are developing platforms for providing specialized socially responsible investing for their clients, according to Institutional Investor. Morgan Stanley, fo...
Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery...